Quote from: xSkylarx on Today at 06:42:37 AM

Quote from: JayJuanGee on May 02, 2025, 09:48:19 PM

Quote from: ginsan on May 02, 2025, 08:25:25 PM

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It seems a bit unrealistic for any newbie into bitcoin to be aiming to accumulate 1 BTC unless he is already quite wealthy and/or able to lump sum and/or front load his investment, and maybe even a guy who invests $200 per week for 10 years might not be able to reach 1 BTC, since investing $200 per week for 10 years would add up to right around $104k invested into bitcoin, which may well not be enough to achieve a whole bitcoin. There are needs for newbies to be realistic with their investment targets, with maybe aiming for 1 million satoshis, then 2 million then 5 million then 10 million then 21 million.. etc. etc... and yeah of course, some folks have more resources to invest more aggressively (and/'or to front load their investment) than others.

For me, the concept of getting 1 BTC as a beginner feels totally unattainable unless of course you belong to a wealthy family. Considering BTC price, getting 1 BTC still might be beyond for newbies but it doesn't mean that they should not attempt that. It's not bad to want a whole bitcoin but I would rather achieve it little by little.

I am largely suggesting to stay realistic, and it is not realistic for a lot of people to consider trying to get 1 BTC as a target, and sure, they could shoot to invest as much as they can, such as $100 per week, and maybe they can shoot for their income to increase and a variety of matters, yet if they are starting out with very low investment amounts, such as $10 to $100 per week, then even after 10 years, they are likely not going to be even close to having 1 BTC, so it becomes quite unrealistic and even counter-productive for folks to be considering goals that they might not be able to reach, and it is more productive to stick with attainable goals that are reachable in the next year, next 3 years, next 5 years and/or next 10 years, and sure I have no problem with maintaining and pursuing aspirational goals that might not be reached, but at the same time, each of us should keep in mind that aspirational goals still need to have some realism within them.

There are a lot of folks who set goals that are real unrealistic, so they live in a kind of fantasy and never even make progress towards their goals because they are so unrealistic, and so there tends to be a lot of value to set goals that are attainable and then work towards those goals, even if some are easier and some are more difficult and surely many times even if we are working towards attainable goals we also frequently will be able to continue to set goals that are higher and higher as we reach the lower level goals and sometimes be able to reach levels that we had not previously considered to be reachable.

Quote from: xSkylarx on Today at 06:42:37 AM

By consistently investing on a regular basis whether it's daily or weekly, I make sure that my financial position is stable. It allows me to grow my assets continuously over time. Even if I couldn't reach 1 bitcoin, I still have the certainty that my portfolio is growing thus the potential gains.

You seem to be saying similar things to me, and I frequently suggest that guys can profit quite a bit by investing even small amounts of bitcoin and to be as aggressive as they are able to be without overdoing it, and we see that someone who invested $10 per week over the past couple of cycles had ended up doing pretty good, so even if we cannot match the exact performance of the earlier investor at the same levels, we still likely will be advantaged by getting started in bitcoin and then doing what we are able to do, and surely someone investing $10 per week likely has to set his first goal at getting to 1 million satoshis... ..

and yeah, there are some young people who will be able to increase their income, yet there are some other folk who recognize their situation and that it may well not be very likely that they are going to be able to increase their investment amount currently or into the future, and sure they might have aspirations to be able to increase their investment amount, yet they still may well have various circumstantial limitations that might make it quite unrealistic for them to be creating fantasy goals that are not likely to happen and way better to just stay focused on maintaining and carrying out their more realistic goals of being able to achieve $10 per week every week... and sure maybe after a year or two they might find themselves in better circumstances, and maybe they won't find themselves in better circumstances, yet surely each of us strive to invest to make our circumstances better, so if we are taking actions to make our circumstances better we surely hope for progress.. yet progress is also not guaranteed to take place, even if we are doing everything perfectly.

Quote from: xSkylarx on Today at 06:42:37 AM

The good thing about Bitcoin is that any amount regardless of how little it is can still yield a great difference. It is important to have patience and a long-term perspective. By regularly investing, I prepare my financial security for the future.

Sure. We still have only around 1% of the world's population investing into bitcoin, so we remain in early days, even though more rich people, institutions and governments are gobbling up bitcoin and driving up the price, but world's adoption remains quite limited in terms of actual numbers of the population who both know about bitcoin and are acting with focus to accumulate it.

Quote from: avp2306 on Today at 07:57:29 AM

Quote from: xSkylarx on Today at 06:42:37 AM

Quote from: JayJuanGee on May 02, 2025, 09:48:19 PM

It seems a bit unrealistic for any newbie into bitcoin to be aiming to accumulate 1 BTC unless he is already quite wealthy and/or able to lump sum and/or front load his investment, and maybe even a guy who invests $200 per week for 10 years might not be able to reach 1 BTC, since investing $200 per week for 10 years would add up to right around $104k invested into bitcoin, which may well not be enough to achieve a whole bitcoin. There are needs for newbies to be realistic with their investment targets, with maybe aiming for 1 million satoshis, then 2 million then 5 million then 10 million then 21 million.. etc. etc... and yeah of course, some folks have more resources to invest more aggressively (and/'or to front load their investment) than others.

For me, the concept of getting 1 BTC as a beginner feels totally unattainable unless of course you belong to a wealthy family. Considering BTC price, getting 1 BTC still might be beyond for newbies but it doesn't mean that they should not attempt that. It's not bad to want a whole bitcoin but I would rather achieve it little by little.

By consistently investing on a regular basis whether it's daily or weekly, I make sure that my financial position is stable. It allows me to grow my assets continuously over time. Even if I couldn't reach 1 bitcoin, I still have the certainty that my portfolio is growing thus the potential gains.
The good thing about Bitcoin is that any amount regardless of how little it is can still yield a great difference. It is important to have patience and a long-term perspective. By regularly investing, I prepare my financial security for the future.

Let say they are not wealthy for sure its really hard to achieve that 1 BTC target especially if they used fix amount like that $200 weekly the whole time they are accumulating.

But if they have this mindset that increasing their investment sizes using $500 or even more than this figure especially if they earn huge then maybe there's a chance that that target will get hit on those timelines being mentioned. Everything will matter how aggressive the investor on their accumulation and have clear goals towards reaching their targets.

What good thing I see on Bitcoin investment is anyone can invest any amount that they can afford to spend and its fine if they didn't reach 1 BTC on target years since as long as they have Bitcoin stock they can still get a profit especially if Bitcoin price pump double,triple or even more than we can imagine in future.

Sure, a person who is currently starting to invest in bitcoin and able to currently invest at $200 per week, has some realistic chances of reaching 1 bitcoin in 10 years, especially if they might have times in which they can increase their discretionary income and their investment amount. They also might come across circumstances in which they are able to get up to 10 bitcoin in 10 years.. so I am not saying that we should not create aspirational hopes especially if we already have some paths forward that we can see that lower amounts are possible than we can also recognize and appreciate that higher amounts might also come even if we are working towards the lower amounts within our budget we might end up coming across other forms of luck.. but we cannot count on luck even though we can hope for it, while it makes more sense to hope for luck if we are also working towards reaching goals that are more realistically within a realistic reach in regards to our current situation and in terms of various realistic future projected scenarios regarding apects of our future situation..

Quote from: Tonimez on Today at 11:28:30 AM

Investing by lump-sum or front loading is possible mostly when someone already made enough money before getting to have a good knowledge of bitcoin and therefore wish to diversify his investments by investing in bitcoin.

Lump sum investing and frontloading can also happen after a person has already started investing into bitcoin and had been DCAing for a significant period of time, and there could be money that comes available, such as bonus money, or there could be decisions to reallocate other assets/investments that the person has, which was not part of the initial decision to get into bitcoin, yet after being in bitcoin for some time (and further studying into bitcoin) a decision comes later down the road (even after a year or two already investing) to reallocate other investments into bitcoin... of even in the process of investing DCA, some folks might receive bonus payments 2-3 times per year that they did not initially consider investing into bitcoin, yet when the bonus payment comes, they are already in the practice of buying BTC through their weekly DCA, and so they decide to allocate that money towards buying BTC rather than consumption and/or investing into other assets.

Quote from: mcdouglasx on Today at 11:30:36 AM

Quote from: Johnlomape on May 02, 2025, 12:06:54 PM

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The confusion here lies in the fact that financially, a week is 7 days from the day you make your first payment or deposit. It is not tied to the names of the days or the conventional calendar. Only 7-day intervals are counted from the moment it begins, although the mathematically correct thing to do would be to express it in days, not weeks or years. This confusion comes from the banks, because they do this to create a situation of false stability. For example, if a person is paid on Fridays, by telling them they will be paid weekly, they may assume that their payment will always occur after receiving their salary. However, there will be months in which the 7-day cycle causes the payment to be anticipated, creating unexpected financial pressure.

I would dare to say that most people get confused about this. What the centralized system has done to us.

I am not sure if you are making matters more clear, since each of us may well have to work with various centralized systems in terms of when we are paid and various systems that might be in place. Surely, we can also create systems for ourselves out of convenience. Some folks choose to buy bitcoin through automatic buys, so they would then be restricted to the terms of the automatic buys that may well not allow for choosing when the bitcoin are bought and they are likely daily batched by the exchange.

I personally prefer manual buys, even though surely automatic buys might be more convenient for some people, including that they might not want to forget.. so a person who is buying $100 per week, might choose to set up $50 per week automatically and then to manually buy the other $50 per week.

We can choose our systems, but we might also want to use conventional systems to help frame our thinking, so for example if we get paid every friday or perhaps every other friday, then we are going to be getting paid either 52 times or 26 times a year. Some folks might be paid on the first Friday of the month... or the last friday of the month, and those folks would only be getting paid 12 times per year. Of course, there are folks who might have more than one income source, and they would account for when they are paid, but they would also account for when their various monthly bills are due.. some of the bills might be erratic and others might be set bills, and the same is true with pay, since there will be folks who do not have steady and/or regular income, but they still might be able to approximate their income based on their history and their projections of the future.

They can attempt to choose their own flexibility within their already existing systems, yet their system for one or two months might be different from what it ends up being 4-6 months down the road.

For example, if we might have erratic income and erratic expenses, yet we still want to buy at least a minimum amount of BTC every week, we may well have to save more money in our reserve funds for such purposes, and in order to not stress ourselves out, then we might have to set our no matter what BTC buys of every week for lower amounts, and we would only increase those amounts at various points in the week after we confirm our income and expenses.